TechFlow news, on April 18, Synthetix launched an emergency solution for the sUSD stablecoin depegging, announcing the launch of the USD 420 pool with incentives starting in 36 hours. SNX stakers can deposit sUSD to participate and share a total reward of 5 million SNX tokens. The deposited sUSD will be locked for one year, and rewards will unlock over three months following the end of the event.
Synthetix founder Kain stated this is "one of the worst instant solutions," aimed at rapidly creating on-chain demand for sUSD.
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